Does anyone have any thoughts on Tesla? I'm considering using part of my GNE refund to take a punt. With the NASDAQ being wobbly they're coming down from a high, and I think there is a phenomenal upside to this company.

These are just some of my thoughts in no particular order. I'm still working on it and haven't come to a decision either way, just interested if anyone else has thoughts on this?

1) The assumption that "electric cars + Elon Musk = tech" seems outdated. Yes they're developing new technology, but so are GM & Ford all the time. Tesla is about as related to Pets.com as Boeing is to King Bladud.

2) Their direct distribution model means that if/when they hit the mainstream (and they deal with the dealer-cartels in the states) they will be able to command a higher markup than other automakers who sell through agents.

3) Their gigafactory, when built, will supply them with cheap, superior batteries as well as being a diversified source of income.

4) China etc.